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The fed has stepped into the repo market, commercial paper, money market, primary corporate bond, secondary corporate bond, consumer ABS, they're backing payrol
by thoughtstheseus 7y ago
The fed has stepped into the repo market, commercial paper, money market, primary corporate bond, secondary corporate bond, consumer ABS, they're backing payroll lending through banks, direct lending to sub 10,000 employee companies through banks, municipal debt, treasury market, MBS market, expanded swap lines and foreign bank repos to provide dollars internationally all to ensure financial markets function. They're busy.